Under Clause 4 of Schedule III of the SEBI Stock Broker Regulations, fees paid by directors do not qualify for an exemption: Supreme Court
Issue – The Director, and not the Whole Time Director, transferred the corporate entity’s stock exchange registration and paid the registration fees, the Supreme Court upheld SEBI’s decision to deny a corporate entity an exemption from payment of fees under Clause 4 of
State Administrative Tribunal Can Be Abolished By The Union Government: Odisha Administrative Tribunal’s abolition is upheld by the Supreme Court
Issue – The Central Government’s 2019 announcement to abolish the Odisha Administrative Tribunal was upheld by the Supreme Court. Facts of the case – The Orissa High Court’s ruling upholding the OAT’s abolishment was challenged in a petition brought by the Odisha Administrative
Supreme Court Accepts Petition Contesting Frequently Shuttered Internet in Different States
Issue – The Supreme Court decided to take up a case brought by the Software Freedom Law Centre in India protesting nationwide Internet shutdowns in certain states. Facts of the case – The petitioner’s attorney initially argued that the problem of internet outages
Diversion of gas to other stations, not enough ground to seek compensation: SC dismisses appeal
Supreme court recently dismissed an appeal while assailing the judgement given by the appellate tribunal for electricity and held that the electricity board would not indemnify if there was no provision regarding compensation of full fixed charges and actual variable charges in the
Rehabilitation Scheme Under SICA Binds All Creditors; Dues Can’t Be Recovered Post Revival Of Sick Company: Supreme Court
What: Rehabilitation Plan Under SICA Binds All Creditors; Debts Cannot Be Recovered After Resurrection Of Sick Company Facts: The Supreme Court has ruled that all creditors, including unsecured creditors, must abide by the rehabilitation plan outlined in Section 18 of the SICA, 1985.
Foreign Lawyers should be permitted to practice in India; in national interest: BCI
The bar council had recently allowed foreign nationals to be permitted to practice in India, which would be based on the principle of reciprocity. Regarding the same, there were a lot of misapprehensions and misinformation which were being circulated, so it was decided
Supreme Court : Should a Judgement Be Reconsidered As It Adopted a Previously Overruled Precedent?
Issue – The fact that a Division Bench of the Supreme Court reached a judgement on a legal issue and that decision was later overturned or amended by a higher court in another case does not justify the reconsideration of that decision. Facts
An arbitrator can always award pendente lite interest unless there is bar under contract: SC set aside the high court’s order
Recently, the supreme court set aside the impugned judgement and order passed by the high court of Delhi and held that the arbitrator/ arbitral tribunal can award pendente lite interest unless there is a specific bar under the contract. an Agreement was entered
Shiv Sena Case: SC to Uddhav Thackeray’s Side, the Government Must Have the House’s Confidence in It
A Constitutional Bench comprising of CJI DY Chandrachud, J. Hima Kohli, J. MR Shah, J. Krishna Murari, and J. PS Narasimha heard the case and reserved its judgment in the batch of cases relating to a rift between the Shiv Sena party members.
Supreme Court: Doctors cannot be penalised for storing minimal quantities of medications under the Drugs and Cosmetics Act
Issue – The Supreme Court ruled that a doctor’s act of keeping minor amounts of medications would not constitute an offence of illegal stocking of medications under Section 18(c) of the Medicines and Cosmetics Act of 1940. Facts of the case – A
